Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Shares Down 2.2% – Should You Sell?

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM)’s share price dropped 2.2% on Friday . The company traded as low as $23.45 and last traded at $23.47. Approximately 386 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 14,971 shares. The stock had previously closed at $23.99.

Putnam PanAgora ESG Emerging Markets Equity ETF Stock Performance

The stock has a market capitalization of $8.21 million, a PE ratio of 15.43 and a beta of 0.89. The stock’s 50 day moving average is $20.98 and its two-hundred day moving average is $24.53.

Institutional Trading of Putnam PanAgora ESG Emerging Markets Equity ETF

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 10,705 shares of the company’s stock valued at $201,000 after acquiring an additional 656 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at about $553,000. Franklin Resources Inc. raised its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,933,387 shares of the company’s stock valued at $53,032,000 after acquiring an additional 63,962 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Putnam PanAgora ESG Emerging Markets Equity ETF by 5.0% in the 2nd quarter. Jane Street Group LLC now owns 209,441 shares of the company’s stock valued at $5,162,000 after acquiring an additional 9,904 shares during the last quarter.

About Putnam PanAgora ESG Emerging Markets Equity ETF

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.